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State Insurance Claims Adjuster- Pro Certification
2024- 2025
Adjuster Pro: Florida Certified Adjuster's Exam
Review Questions and Answers | 100% Pass
Guaranteed | Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
An agent who, for compensation, processes insurance
claims. Can represent either the insured or the insurer.
- =Answer>> Adjuster
Adjusters who are temporarily licensed by the
insurance commissioner to handle claims during
catastrophes or emergencies that produce an
overwhelming number of claims in a short period of
time. - =Answer>> Adjuster - Emergency
Self-employed adjusters who contract with multiple
insurers at the same time. Paid on a commission or fee-
plus-expenses basis for each claim. Also called: Fee
Adjuster, Bureau Adjuster - =Answer>> Adjuster -
Independent
An adjuster who is hired to represent the claimant and
help determine a fair indemnification.Usually
specializes in appraisals and negotiation. Paid
commission, usually a percentage of final settlement. -
=Answer>> Adjuster - Public
Salaried employee of one insurance company who can
work locally, regionally, or nationally. Also called:
Company Adjuster - =Answer>> Adjuster - Staff
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A settlement option that lets the insurer offer some
financial relief to the claimant before the claim has
been fully settled. The insurer makes advance
payments to the claimant, which are then subtracted
from the final settlement amount. Often used when a
claimant suffers bodily injury and is unable to work. -
=Answer>> Advance Payment Settlement
The Agent's authority to act on behalf of someone else,
usually an insurer. This authority is derived from the
agent's contract with the insurer. - =Answer>>
Agency Authority
Authority that is expressly given to the agent in writing.
Allows agent to act on behalf of the principal. -
=Answer>> Agency Authority - express
Authority that an agent possesses by implication of his
behavior, regardless of whether this authority is
expressly granted in writing. - =Answer>> Aency
Authority - implied
Authority that an agent possesses based on the
appearance of representing an insurer. - =Answer>>
Agency Authority - apparent
Someone who has received authority from an insurer to
sell or service insurance policies. - =Answer>> Agent
A type of policy limit found in some health, liability, and
property damage policies. It represents the total
amount the insurer will pay for all losses. -
=Answer>> Aggregate Limit
One of the four requirements of a legally binding
contract. All parties involved must agree to the terms of
the contract. Can also refer to a binder, which is the
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preliminary substance of a contract. - =Answer>>
Agreement
A business that grows, harvests, and sells crops for
profit. - =Answer>> Agricultural Producer
A characteristic of insurance contracts; means
depending on an unknown future event." -
=Answer>> Aleatory
In liability cases, the defendant's response to a
complaint. There are three possible answers: 1)accept
complaint and pay for damages, 2) deny the complaint,
or 3) accept the complaint with a right to insert
evidence into the case. - =Answer>> Answer
An item's Replacement cost divided by the number of
years in its expected lifespan. - =Answer>> Annual
Depreciation
A negotiation method which allows the claimant and
the insurer each to select an appraiser.The two
appraisers in turn select an Umpire. The appraisers
then work together to determine asettlement amount.
If they cannot agree, the Umpire steps in. Agreement
by any two of thethree is binding. - =Answer>>
Appraisal
A negotiation method in which the opposing parties
each submit their evidence to a mutually-agreed-upon
and neutral third party, called an arbitrator. The
arbitrator reviews the positions ofeach opposing side,
and makes a final and legally binding decision. -
=Answer>> Arbitration
The mutually-agreed-upon and neutral third party in an
arbitration who reviews the positions ofeach opposing
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